Yes as I said some weeks ago it will all depend how much anyone is willing to pay for Pike River coalmine knowing that they will face a delay probably of some months as they : (a) try to deal with the present state of the mine (b) probably try to extricate the 29 bodies that are in there (c) devise a better way of handling the operation given the complications posed by the possible damage inside the mine
But the coal is still worth a lot of money and some company will be prepared to tackle the problems.
However, as I indicated some weeks ago, shareholders are unlikely to see much of a return on the holdings if at all. There may be nothing left for shareholders. The shares could have been consumed in the mine fire for all they will matter.
PRC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held